In the previous post we saw a big move to the upside prior to US open, this opened alot of demand inflow to catch alot of buy volume on the wrong side before price reversed to the downside.
Bulls are only in control if we continue to hold price above 15000.
If price breaks and closes below 15000, we could see a bear phase to 14500 giving a trading range of 500 points. Best bet is to wait for clear bearish signs on H4 to ensure no fake outs. All the best
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Bulls are only in control if we continue to hold price above 15000.
If price breaks and closes below 15000, we could see a bear phase to 14500 giving a trading range of 500 points. Best bet is to wait for clear bearish signs on H4 to ensure no fake outs. All the best
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Note
Trade should be risk free as price is on major buy confluencesNote
Bull market remains
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.